Accredited Investors Inc. Has $57.68 Million Stock Holdings in Roblox Co. (NYSE:RBLX)

Accredited Investors Inc. trimmed its holdings in shares of Roblox Co. (NYSE:RBLX - Free Report) by 15.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 996,864 shares of the company's stock after selling 188,515 shares during the period. Roblox accounts for about 3.4% of Accredited Investors Inc.'s investment portfolio, making the stock its 11th biggest holding. Accredited Investors Inc. owned approximately 0.16% of Roblox worth $57,679,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Toronto Dominion Bank grew its holdings in Roblox by 34.3% during the third quarter. Toronto Dominion Bank now owns 60,092 shares of the company's stock valued at $2,660,000 after purchasing an additional 15,333 shares during the period. Smith Group Asset Management LLC increased its position in shares of Roblox by 939.6% in the 4th quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company's stock valued at $3,994,000 after buying an additional 62,390 shares in the last quarter. Chicago Partners Investment Group LLC bought a new position in Roblox during the fourth quarter worth about $363,000. Silicon Valley Capital Partners grew its stake in Roblox by 3,010.0% in the fourth quarter. Silicon Valley Capital Partners now owns 69,104 shares of the company's stock valued at $3,998,000 after acquiring an additional 66,882 shares during the period. Finally, V Square Quantitative Management LLC increased its holdings in shares of Roblox by 320.0% in the fourth quarter. V Square Quantitative Management LLC now owns 2,587 shares of the company's stock worth $149,000 after acquiring an additional 1,971 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several research firms have recently weighed in on RBLX. Wells Fargo & Company decreased their price objective on Roblox from $76.00 to $70.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. FBN Securities assumed coverage on Roblox in a research report on Friday, March 28th. They set a "sector perform" rating and a $65.00 price objective for the company. The Goldman Sachs Group lifted their price target on shares of Roblox from $55.00 to $63.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. Wedbush reiterated an "outperform" rating and set a $83.00 price objective on shares of Roblox in a research note on Friday, February 7th. Finally, Needham & Company LLC raised their target price on shares of Roblox from $60.00 to $72.00 and gave the company a "buy" rating in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Roblox has an average rating of "Moderate Buy" and an average price target of $64.22.

Insider Buying and Selling at Roblox

In other news, insider Mark Reinstra sold 50,000 shares of the company's stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $64.98, for a total value of $3,249,000.00. Following the completion of the transaction, the insider now owns 281,161 shares of the company's stock, valued at $18,269,841.78. This represents a 15.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Anthony P. Lee sold 250,000 shares of Roblox stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $65.04, for a total transaction of $16,260,000.00. Following the sale, the director now owns 6,254,137 shares in the company, valued at approximately $406,769,070.48. This represents a 3.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,232,833 shares of company stock worth $76,827,466 over the last quarter. Corporate insiders own 22.15% of the company's stock.

Roblox Price Performance

RBLX traded up $2.22 during trading on Tuesday, hitting $59.13. 3,515,330 shares of the stock traded hands, compared to its average volume of 8,790,490. The business has a 50 day moving average price of $59.83 and a 200 day moving average price of $56.43. The company has a market cap of $37.16 billion, a price-to-earnings ratio of -40.78 and a beta of 1.49. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $75.74. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98.

Roblox (NYSE:RBLX - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. Equities research analysts forecast that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

About Roblox

Roblox Corporation develops and operates an online entertainment platform in the United States and internationally. It offers Roblox Studio, a free toolset that allows developers and creators to build, publish, and operate 3D experiences, and other content; Roblox Client, an application that allows users to explore 3D experience; and Roblox Cloud, which provides services and infrastructure that power the platform.